Villeneuve-d’Ascq / FR. (bde) France’s Bonduelle Group announces it has finalized with ConAgra Brands Inc. the acquisition of «Del Monte» processed fruit and vegetable business in Canada.
The acquisition, announced in February and effective on July 03rd, 2018, includes the right to use the «Del Monte» brand on different segments of processed fruits and vegetables and stocks of products for a value of approximately 43 million Canadian Dollars (CAD). The acquired business excludes all industrial and personnel assets because co-packers and Bonduelle’s existing production capabilities will be used.
The «Del Monte» processed fruit and vegetable business in Canada, with revenues of approximately 60 million CAD, will complement Bonduelle Americas Long Life business unit’s canned and frozen vegetable business, which is largely conducted under retailer’s store brands. This highlights the group’s desired development in brand activities and expansion beyond vegetables to vegetable products.
